The corporate governance code issued by the country’s Financial Reporting Council of Nigeria (FRC) which caused the exit of Pastor Enoch Adeboye as the national overseer Redeemed Christian Church of God (RCCG) has been suspended by the Nigerian government.
A statement issued by the Minister for Industry, Trade and Investment, Okechuckwu Enelamah, said the code stood suspended pending its review and consultation with stakeholders, Premium Times reports.
The statement was issued following the sack of Jim Obazee as the executive secretary of FRC.
Adeboye had on Saturday stepped down as the national overseer of RCCG in compliance with the suspended FRC governance code which stipulated that non-profit organizations would not head governance of their organisations for more than 20 years, and
This development quickly sparked mixed reactions as the government was accused targeting churches.
360naze
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